ECB's Lane: Progress to 2% inflation won't be as quick as to 4%

<ul><li>Food inflation is still quite high now</li><li>It is still a substantial issue</li><li>Services inflation now a big contributor</li></ul><p>I wouldn't really deny that as we may be stuck in a period of around 3% to 5% inflation for some time perhaps. And the outlook will not be helped if oil prices run higher as it did in the past month or so.</p>

This article was written by Justin Low at www.forexlive.com.